The Middle Eastern stock markets have recently been mixed, with investor sentiment swayed by geopolitical uncertainties and profit-taking activities. Despite these challenges, the region remains a fertile ground for discovering potential investment opportunities, particularly in smaller or less-established companies often referred to as penny stocks. While the term “penny stocks” might seem outdated, it still signifies companies that can offer substantial value when backed by robust financials and a clear growth path.
Name
Share Price
Market Cap
Financial Health Rating
Al-Modawat Specialized Medical (SASE:9594)
SAR4.48
SAR318.86M
★★★★★☆
Thob Al Aseel (SASE:4012)
SAR3.30
SAR1.32B
★★★★★★
E7 Group PJSC (ADX:E7)
AED1.02
AED2.06B
★★★★★★
Sharjah Insurance Company P.S.C (ADX:SICO)
AED1.52
AED228M
★★★★★★
Al Wathba National Insurance Company PJSC (ADX:AWNIC)
AED3.50
AED724.5M
★★★★★★
Arabian Pipes (SASE:2200)
SAR4.81
SAR962M
★★★★★★
Dubai National Insurance & Reinsurance (P.S.C.) (DFM:DNIR)
AED3.25
AED384.62M
★★★★★★
Dubai Investments PJSC (DFM:DIC)
AED3.57
AED15.22B
★★★★☆☆
Sharjah Cement and Industrial Development (PJSC) (ADX:SCIDC)
Let’s take a closer look at a couple of our picks from the screened companies.
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: QUA Granite Hayal Yapi ve Ürünleri Sanayi Ticaret A.S. operates in the manufacturing and sale of granite products, with a market capitalization of TRY6.94 billion.
Operations: The company generates revenue primarily from its construction materials segment, totaling TRY7.80 billion.
Market Cap: TRY6.94B
QUA Granite Hayal Yapi ve Ürünleri Sanayi Ticaret A.S. operates with a market cap of TRY6.94 billion and reported third-quarter sales of TRY2.49 billion, an increase from the previous year, yet remains unprofitable with a net loss of TRY91.1 million. Despite its high volatility and negative return on equity, the company’s debt is well-covered by operating cash flow, though interest payments are not fully supported by earnings. The firm trades significantly below its estimated fair value but faces challenges such as an inexperienced board and high net debt to equity ratio at 43.9%.
IBSE:QUAGR Debt to Equity History and Analysis as at Jan 2026
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Allmed Solutions Ltd develops, manufactures, and markets minimally invasive medical products across various disciplines both in Israel and internationally, with a market cap of ₪32.10 million.
Operations: Allmed Solutions Ltd has not reported any specific revenue segments.
Market Cap: ₪32.1M
Allmed Solutions Ltd, with a market cap of ₪32.10 million, is pre-revenue and currently unprofitable. The company maintains a strong financial position with no debt for the past five years and short-term assets of ₪36.8 million exceeding both short-term and long-term liabilities significantly. Despite negative return on equity at -35.26%, Allmed has a stable cash runway extending over three years based on free cash flow, supported by an experienced management team with an average tenure of 3.8 years. Shareholders have not faced meaningful dilution recently, providing stability amidst its high weekly volatility of 6%.
TASE:ALMD Financial Position Analysis as at Jan 2026
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Tgi Infrastructures Ltd, along with its subsidiary, specializes in producing, processing, assembling, and marketing magnesium-based mechanical assemblies for the automotive industry in Israel and has a market cap of ₪207.63 million.
Operations: Tgi Infrastructures generates revenue through its Infrastructure and Energy segment, which accounts for ₪79.25 million, and The Metal and Electrical Industries segment, contributing ₪86.25 million.
Market Cap: ₪207.63M
Tgi Infrastructures Ltd, with a market cap of ₪207.63 million, demonstrates robust financial health as its short-term assets of ₪143.0 million surpass both short-term and long-term liabilities. The company’s earnings have grown significantly by 58.2% over the past year, outpacing industry growth, while maintaining stable profit margins at 11%. Despite a low return on equity of 16.5%, Tgi’s debt is well-managed with an operating cash flow coverage of 62.5% and a satisfactory net debt to equity ratio of 18.4%. Although trading below estimated fair value, its dividend track record remains unstable amidst strong earnings performance.
TASE:TGI Debt to Equity History and Analysis as at Jan 2026
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include IBSE:QUAGR TASE:ALMD and TASE:TGI.
This article was originally published by Simply Wall St.
